The healthcare analytics market is expected to reach USD 24.55 Billio 1 | Page 2

The report "Healthcare Analytics/ Medical Analytics Market by Application (Clinical, RCM, Claim, Fraud, Supply Chain,
HR, PHM), Type (Prescriptive), Component (Service, Software), Delivery (On-premise, Cloud), End User (Hospital,
Payer, ACO, TPA) - Forecasts to 2021", analyzes and studies the major market drivers, restraints, opportunities, and challenges
in North America, Europe, Asia, and the Rest of the World (RoW).
Browse 323 market data tables and 55 figures spread through 318 pages and in-depth TOC on “Healthcare Analytics/
Medical Analytics Market by Application (Clinical, RCM, Claim, Fraud, Supply Chain, HR, PHM), Type (Prescriptive),
Component (Service, Software), Delivery (On-premise, Cloud), End User (Hospital, Payer, ACO, TPA) - Forecasts to
2021”

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The global healthcare analytics market is expected to reach USD 24.55 Billion by 2021 from USD 7.39 Billion in 2016, at a
CAGR of 27.1% during the forecast period.
The growth of this market is mainly driven by factors such as increasing government initiatives to enhance EHR adoption, rising
pressure to curb healthcare spending and need for improved patient outcomes, availability of big data in healthcare, rise in
venture capital investments, and technological advancements. Moreover, use of analytics in precision and personalized medicine,
increasing focus on value-based medicine and cloud-based analytics, increasing number of patient registries, and emergence of
social media and its impact on the healthcare industry provide significant growth opportunities in the market. However, lack of
skilled professionals, high cost of analytics solutions, and operational gaps between payers and providers may hinder the growth
of this market during the forecast period.
The report segments the healthcare analytics market based on type, application, component, delivery model, end user, and region.
Based on type, the healthcare analytics market is segmented into descriptive, predictive and prescriptive analytics. The
descriptive analytics segment is expected to account for the largest share of the healthcare analytics market in 2016. The
significant usage of descriptive analytics by healthcare providers to gain a better understanding of the past trends and event
occurring in real-time, is expected to drive the growth of the descriptive analytics market during the forecast period. Based on
delivery model, the healthcare analytics market is segmented into on-demand and on-premise models. The on-demand model
segment is expected to grow at the highest CAGR during the forecast period due to its advantages such as growing demand for
self-driven analytics, lack of upfront capital investments for hardware, extreme capacity flexibility, and the pay-as-you-go pricing
of this model.

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Based on region, the healthcare analytics market is segmented into North America, Europe, Asia, and the Rest of the World
(RoW). In 2016, North America is expected to dominate the market, followed by Europe. North America is poised to be the
fastest-growing region during the forecast period. Factors such as growing federal healthcare mandates to curb rising healthcare
costs and provide quality care; increasing regulatory requirements; growing EHRs adoption; and rising government initiatives to
focus on personalized medicine, population health management, and value-based reimbursements will drive market growth in
North America.
The healthcare analytics market is a highly fragmented market, with several big and emerging players. Key market players
include IBM Corporation (U.S.), Optum, Inc. (U.S.), Cerner Corporation (U.S.), SAS Institute, Inc. (U.S.), Allscripts Health
Solutions (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Inovalon (U.S.), Oracle Corporation (U.S.), Verisk
Analytics (U.S.), and Health Catalyst (U.S.).
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